A team led by Georgina Tripp and Nick Ducker of gunnercooke acted for MBM Group Services on their acquisition of Barclay & Mathieson Limited (B&M Steel) from the Stemcor Group. gunnercooke worked closely with the advisory team from Breal Consulting Limited, with both parties also acting for the newly formed group on asset based lending facilities to be put in place with PNC Business Credit.
Barclay & Mathieson Limited has operated in steel fabrication and industrial services for over 130 years. The acquisition will be highly complementary to MBM Group, a steel processing and stockholding company, with revenues in excess of 100 million pounds.
Georgina Tripp commented; “This has been a complicated transaction, and all parties have been extremely dedicated to getting it over the line. The combined strengths of MBM Group and B&M Steel has created a real market leader in steel fabrication, and I am very much looking forward to watching the new group flourish.”